Form 990 for tax year 2023
Filed by LYNN HOUSING AUTHORITY DEVELOPMENT GROUP INC.
Totals
- Total revenue
- $650,357
- Total expenses
- $694,053
- Contributions and grants received
- $641,351
- Grants paid
- $475,174
- Program service revenue
- $5,800
- Investment income
- $3,206
- Other revenue
- $0
- Total assets, end of year
- $416,452
- Total liabilities, end of year
- $91,471
- Net assets or fund balances, end of year
- $324,981
- Program services expenses (Part IX)
- $684,284
- Management and general expenses
- $9,769
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $684,284
Program services were 98.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1a · Federated campaigns
$296,200
-
1e · Government grants (contributions)
$345,151
-
2a · Program service revenue: MANAGEMENT FEE
total $5,800 · related or exempt $5,800
-
3 · Investment income
total $3,206 · excluded $3,206
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $80,735 · program services $80,735
-
2 · Grants to domestic individuals
total $394,439 · program services $394,439
-
11a · Fees: management
total $9,550 · program services $9,550
-
11c · Fees: accounting
total $11,401 · program services $7,147 · management and general $4,254
-
11g · Fees: other
total $144,614 · program services $144,357 · management and general $257
-
12 · Advertising and promotion
total $3,671 · program services $3,671
-
13 · Office expenses
total $18,578 · program services $15,039 · management and general $3,539
-
16 · Occupancy
total $23,815 · program services $23,815
-
17 · Travel
total $40 · program services $40
-
19 · Conferences, conventions and meetings
total $1,759 · program services $1,759
-
23 · Insurance
total $5,451 · program services $3,732 · management and general $1,719
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $342,550 · end of year $307,539
-
2 · Savings and temporary cash investments
beginning of year $66,779 · end of year $68,754
-
3 · Pledges and grants receivable
beginning of year $40,834 · end of year $39,795
-
9 · Prepaid expenses and deferred charges
beginning of year $336 · end of year $364
-
17 · Accounts payable and accrued expenses
beginning of year $81,822 · end of year $91,471
-
27 · Net assets without donor restrictions
beginning of year $247,637 · end of year $245,964
-
28 · Net assets with donor restrictions
beginning of year $121,040 · end of year $79,017
Mission and programs · 2023
Mission
PROVIDE CHARITABLE ASSISTANCE TO THE GENERAL PUBLIC BY PROVIDING AFFORDABLE HOUSING THROUGH THE PURCHASE, SALE, RENTING AND LEASING OF DWELLINGS.
Activities or mission (Part I)
THE CORPORATION IS ORGANIZED TO PROVIDE CHARITABLE ASSISTANCE TO THE GENERAL PUBLIC BY PROVIDING AFFORDABLE HOUSING THROUGH THE PURCHASE, SALE, RENTING AND LEASING OF DWELLINGS.
-
RENTAL ASSISTANCE - A PROGRAM TO ASSIST INDIVIDUALS AND FAMILIES TO QUICKLY REGAIN STABILITY IN PERMANENT HOUSING AFTER EXPERIENCING A HOUSING CRISIS OR HOMELINESS, WITH TWO PROGRAM COMPONENTS, HOMELESSNESS PREVENTION AND REPAID RE-HOUSING.
Expenses $332,151 · Grants $312,704
-
FINANCIAL COUNSELING - THE FINANCIAL COACHING PROGRAM IS DESIGNED TO HELP FAMILIES/INDIVIDUALS HAVE A BETTER UNDERSTANDING OF ONE'S FINANCES, LEADING TO FINANCIAL STABILITY. THE FINANCIAL COACHING PROGRAM PROVIDES REGULAR ONE-ON-ONE AND WORKSHOP SESSIONS WITH CLIENTS IN ORDER TO GUIDE CLIENTS TO MEET THEIR GOALS AND FINANCIAL INDEPENDENCE. THE FINANCIAL COACHING PROGRAM IS A UNITED WAY SUPPORTED PROGRAM THAT CAN ASSIST WITH CREDIT BUILDING, CREDIT REPAIRING, BUDGETING, MONEY MANAGEMENT, DEBT COLLECTIONS, DELINQUENT BILLS, DEBT CONSOLIDATION, ETC.
Expenses $104,910
-
PROJECT RISE/ SEIMER PROGRAM - A COLLABORATION WITH LYNN PUBLIC SCHOOLS WORKING WITH FAMILIES EXPERIENCING HOUSING INSTABILITY AND HAVE AT LEAST ONE CHILD IN LYNN PUBLIC SCHOOLS. THIS PROGRAM OFFERS CASE MANAGEMENT AND COACHING TOWARDS A FAMILY'S HOUSING AND EDUCATION GOALS. FINANCIAL AND OTHER MATERIAL ASSISTANCE, A TWO-GENERATIONAL APPROACH TO SERVICE DELIVERY, AND A STRATEGIC PARTNERSHIP WITH THE SCHOOL DISTRICT AND OTHER LOCALSERVICE PROGRAMS.
Expenses $195,257 · Grants $111,504
-
Expenses $51,966 · Grants $50,966
As filed on the 2023 return.
Listed in Part VII
-
Stephen MartinSTEPHEN MARTIN
CHAIRPERSON
- Total calculated
- $960
- From this org
- $0
- From related orgs
- $960
- Other
- $0
- Hours/week
- 1 + 1 related
-
Susan McGinnis-LangSUSAN MCGINNIS-LANG
TREASURER
- Total calculated
- $960
- From this org
- $0
- From related orgs
- $960
- Other
- $0
- Hours/week
- 1 + 1 related
-
Justin AnsewitzJUSTIN ANSEWITZ
DIRECTOR
- Total calculated
- $960
- From this org
- $0
- From related orgs
- $960
- Other
- $0
- Hours/week
- 1 + 1 related
-
Robert MuiseROBERT MUISE
DIRECTOR
- Total calculated
- $960
- From this org
- $0
- From related orgs
- $960
- Other
- $0
- Hours/week
- 1 + 1 related
-
Kiara PalomaresKIARA PALOMARES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Laura WalshLAURA WALSH
FORMER CHARIPERSON (RESIGNED END 2023)
- Total calculated
- $1,200
- From this org
- $0
- From related orgs
- $1,200
- Other
- $0
- Hours/week
- 1 + 1 related
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
-
LYNN PUBLIC SCHOOLS
$75,736
SEIMER "RISE" PROGRAM
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
LYNN HOUSING AUTHORITY
GOVT · AFFORDABLE · MA
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 13 November 2024
- IRS schema version
- 2023v5.1
- Source object
- 202413189349302846
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